New housing construction appears to have bottomed; but expect further declines in construction employment ahead – by New Deal democrat Pointing your attention to NDd’s calling out of the economic signs leading to job declines. ~~~~~~~~ For the past few months, I’ve noted that new home sales, which while very volatile frequently are the first […]
And Costs. Angry Bear is an economics blog. Sometimes, I wonder as I take on many topics not including an economic cost. Gun Violence does have an economic cost to it which impacts our economy. We just have not talked about it. The average annual cost for overall gun violence in the United States is $1,698 for […]
This You Tube clip is about 25 minutes long which is an awfully long time for blog-readers to sit still and listen to someone talk. Yes, yes I know. I am not the most exciting writer out here either. I am sure I have caused a yawn or two and perhaps put some to sleep. […]
Two “fundamental” indicators for the American middle/working class and the economy – by New Deal democrat This week is a little light on data, except for housing permits and starts (Tuesday) and existing home sales (Thursday), so let me catch up on a few other indicators. In particular, two of my favorite indicators are based […]
I used to think Minnesota was a pretty cool state. Spent some time in the boundary waters between Minnesota and Canada. Great experience for a 15 year old. After reading this, I find Minnesota to be just as backwards as Wisconsin is outside of Madison and Milwaukee. Great place to roam and bad politics. I […]
Back before, municipal and state governments, pension funds, etc. mostly invested in financials of the manufacturing sort. Then, America was in the manufacturing business. An issuing manufacturer was contractually bound to hand over the return owed. The investors were entitled. If they didn’t get their entitle, it was, ‘”see you in court.” In 2023, in […]
Weekly Indicators for April 10 -14 at Seeking Alpha – by New Deal democrat My ‘Weekly Indicators’ post is up at Seeking Alpha. The slow drip-drip-drip of deceleration generally continues. Perhaps most significantly, YoY consumer spending as measured by Redbook sank to a new post-pandemic lockdown low of only +1.5%. But other coincident indicators in particular, […]
Real manufacturing and trade sales probably rose to a new record high in February; may have declined in March – by New Deal democrat Real manufacturing and trade sales is one of the 4 monthly coincident indicators most monitored by the NBER to determine whether the economy is in expansion or recession. Because the reporting of […]
Positive revisions make for a good March industrial production report – by New Deal democrat If retail sales for March were bad, industrial production (blue in the graph below) was at very least mixed to the upside. Total production increased +0.4%, and on top of that February was revised higher by +0.2%, and January was […]
March real retail sales lay an egg, suggests downturn in nonfarm payrolls by the end of summer – by New Deal democrat After a quiet early part of the week, today we get a deluge of data: retail sales and industrial production for March, and total business sales for February. Because real total business sales […]